57 Elmwood Avenue, Welland

$659,000
57 Elmwood Avenue

$659,000

New
24d
DetachedBungalow

57 Elmwood Avenue, Welland

Total Monthly Obligation $3,378

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
24d
Score
17
Yield
4.1%
Cash on Cash
-6.8%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X13838248
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-66 × 108 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,141 (2026)
Parking-3 - Attached
Basement-Finished, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX GARDEN CITY REALTY INC, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Contact Listing Agent
Neighbourhood-772 - Broadway
Title-Residential Freehold

No agent assigned

Fully renovated by Twin Maple Homes in 2020 including 2 beautiful full kitchens! Immaculate, spotless, and beautifully maintained, this all-brick 3-bedroom, 2-bathroom home offers nothing to do but move in and enjoy. Quality workmanship and pride of ownership are evident throughout the carpet free home. The main floor features beautiful, solid hardwood and ceramic flooring throughout with crown moulding creating a warm and inviting feel. The stunning kitchen offers ceiling-height cabinetry with stylish gold hardware, quartz countertops and backsplash, pantry, and stainless steel appliances that have never been used! Large front living room is open to the dining room and kitchen. Three bedrooms and the updated bathroom features a gorgeous ceramic shower complete the main floor has never been used either! A separate entrance to the lower level is equally impressive, featuring a striking exposed brick wall with gas fireplace, a full kitchen finished to the same high quality and standard as the main floor, a 3-piece bathroom with ceramic shower, generous storage, and a stunning laundry room will even impress you complete with sink and built-in cubby.The family room can easily be sectioned off to create a private 4th bedroom. Outside, enjoy the charming covered front porch with flagstone and new railing, along with an extensive concrete driveway and walkway leading to the backyard. Patio with gas BBQ hookup. A truly exceptional home offering beautiful finishes, flexible living space, and great potential for multi-generational living or additional income.Ring camera security system. Look at all that is included! Updates included New electrical panel, R50 insulation and baffles (2026), Fully Renovated (2020) Roof and Gutters (2019)Furnace(2018).

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$527,200
Land Transfer Taxes$9,655
Legal Fees (Est.)
$
Total cash required for closing$142,955

Total Monthly Obligation

$3,378/mo
Mortgage $2,658
Monthly Loss $2,679
Principal$700
Interest$1,959
Property Tax$345
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.6%17
10-Year IRR
8.0%
Returns Index
9.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,000/yr
NOI
$15,659/yr
Net Cash Flow
-$1,353/mo
Cash Margin
-60.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 57 Elmwood Avenue

Time

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